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How Having a Family Floater Plan is More Beneficial than an Individual Plan?

We all want to see our families healthy and safe. However, if the question scorches your mind, what can you do to show that you care for your family? The answer is the best Mediclaim policy for family. It ensures their safety during a medical emergency and helps them to avail of advanced healthcare facilities. Having a healthy family is not less than a blessing. However, things never go as planned. Any medical problem comes when it is least expected. In such situations, having adequate health insurance is of great help. In family health insurance, you can cover a maximum of six family members under a single policy. The health insurance premium and total sum insured are shared among all the insured members in this cover. In an individual health insurance plan, the premium and sum insured are restricted to an individual only.

The premium for mediclaim policy for family is lower than the premium for individual health insurance. It works on a Single Policy-Single Premium basis.

How is a Family Floater Health Plan Beneficial?

In a family mediclaim, you can add more than one member by paying the single premium. You can include your spouse, children and parents under the policy. This policy offers coverage for various medical expenses such as pre and post-hospitalization expenses, OPD expenses, ambulance cover, annual health check-up, and more. The premium charged under the policy depends on the plan, the sum insured, deductible, and the number of insured members. For calculating premium, the age of the eldest member is considered.

To buy health insurance for family, you must consider the following things:

  • Mediclaim policy coverage
  • Cashless hospitalization facility
  • Compare the premium amount
  • Check the exclusions of the policy
  • Look for additional benefits
  • Number of family members covered
  • Waiting Period for pre-existing disease

In a Nutshell

The family floater health plan allows you to add new family members by paying an additional health insurance premium at the time of renewal. Affordability is one of the prime factors that make it a better option than individual health insurance plans. Health insurance for family is more helpful if you are focusing on your family’s budget.

If you are also looking for the best medical insurance plans for family in India that offer coverage to your extended family members, here are some trusted brands:

Health Insurance Company

 

Network Hospitals

 

Claim Settlement Ratio

 

IFFCO Tokio4000+

 

92.66%
Care Health Insurance

 

8350+

 

95.22%
HDFC Ergo10000+

 

90.32%

 

Max Bupa Health Insurance

 

4500+

 

83.92%

 

Star Health8800+

 

78. 15%

 

 

You can also look for the best Mediclaim policy for family online ┬áprovided by Care Health insurance, HDFC, etc. All you need to do is visit these companies’ official websites and get all the details. There are various benefits of buying health insurance online. It is fast; you can get the policy in a few clicks, and it also helps you make an informed decision. You can reach out to the customer care team, who will help you buy the most relevant product as per your needs. Make sure you do your research before deciding which plan is the best for your family.